Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Blue Star's Consolidated Q1FY20 revenue increases to Rs 1575.45 crores, grows by 4.5%

Posted On: 2019-08-13 20:08:12

Consolidated Financial Performance for Q1FY20

- The Company has reported Revenue from Operations of Rs 1575.45 crores for the quarter ended June 30, 2019 on a consolidated basis, compared to Rs 1507.83 crores during the same period in the previous year.

- The Operating Profit (PBIDTA excluding Other Income and Finance Income) for the quarter was Rs 114.85 crores compared to Rs 136.66 crores in Q1FY19.

- Net Profit for the quarter was Rs 76.84 crores compared to Rs 91.58 crores in Q1FY19. Results of Q1FY19 included a profit of Rs 15.18 crores on the sale of property, considered as an exceptional item.

- Other Income (including Finance Income) for Q1FY20 was Rs 21.66 crores compared to Rs 3.34 crores in Q1FY19. Other Income in Q1FY20 was higher on account of receipt of an industrial promotion subsidy for the manufacturing facility at Wada.

- Finance Cost for the quarter decreased to Rs 8.23 crores from Rs 12.10 crores in Q1FY19 due to effective management of working capital and consequently lower borrowings in Q1FY20.

- The Tax expense for the quarter was Rs 32.52 crores compared to Rs 32.50 crores in Q1FY19.

- Earnings per share for Q1FY20 (Face value of Rs 2.00) was Rs 7.98 vis--vis Rs 9.53 in Q1FY19.

- The Carried Forward Order Book as on June 30, 2019 grew by 33.9% to Rs 2841 crores.

- Sharp reduction in working capital levels resulted in substantial reduction of borrowings from Rs 403.48 crores as of June 2018 to a net positive level of Rs 0.74 crores as of June 2019.

Consolidated Segment Performance for Q1FY20

- Order inflow in the Electro-Mechanical Projects and Commercial Air Conditioning Systems segment was healthy and the Company received a large order from Mumbai Metro. However, revenue for the quarter remained almost flat at Rs 623.94 crores compared to Rs 619.36 crores in Q1FY19 due to slower pace of execution of projects. Segment Results registered a decrease from Rs 39.70 crores to Rs 33.53 crores in Q1FY20.

- Unitary Products revenues increased by 9.2% to Rs 906.89 crores from Rs 830.76 crores in Q1FY19 driven by a good summer and increased billings in the Room Air Conditioners category. Segment Results increased to Rs 98.91 crores from Rs 95.01 crores during the same period in the previous year.

- The Professional Electronics and Industrial Systems Business revenues decreased from Rs 57.71 crores in Q1 FY19 to Rs 44.62 crores in Q1FY20, while the Segment Results declined to Rs 4.42 crores in Q1FY20. The results are not comparable since in Q1FY19 there was a one-time revenue from supply of CT scanners to the Government of Uttar Pradesh. Data Security Systems and Testing Systems businesses continued to perform well. An uptick in healthcare sector is expected to drive increased growth in this segment, going forward.

Outlook

Vir S Advani, Vice Chairman & Managing Director, Blue Star Limited adds, "The macro-economic conditions are weak and there are visible symptoms of slow-down in demand. Having said that, order inflow from select segments continue to be healthy and our pending order book is strong. We will stay focused on driving revenue growth and profitability with a close watch on margins and capital employed."

Shares of BLUE STAR LTD. was last trading in BSE at Rs.701 as compared to the previous close of Rs. 724.5. The total number of shares traded during the day was 2364 in over 226 trades.

The stock hit an intraday high of Rs. 724.95 and intraday low of 701. The net turnover during the day was Rs. 1689487.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Wendt India Ltd announces Q3, 9MFY20 results

ABM Knowledgeware Ltd Q3 consolidated net profit slips to Rs. 3.08 crore

Prestige Estates Projects Ltd consolidated Q3 net profit climbs to Rs. 161.8 crore

EIH Ltd Q3 net profit higher QoQ, YoY

Bank of Baroda reports loss in Q3 FY2020

Eldeco Housing and Industries Ltd announces Q3, 9MFY20 results

BEML CMD gets Most Admired Leader Award

Siemens Ltd to acquire 99.22% in C&S Electric Ltd for Rs. 2100 crore

VST Tillers Tractors Ltd enters into MOU with Zetor Tractors

NHPC declared succssful resolution applicant for Jalpower Corporation Ltd

L&T raises Rs. 1000 crore through 6.72% NCDs

Solapur Tollways Pvt Ltd receives completion certificate for part of NH-9 project

Cipla gets 4 observations from USFDA for API facility at Bommasandra, Bangalore

ALLSEC Technologies Ltd consolidated Q3 FY20 net profit at Rs. 8.55 crore

Wendt India Ltd Q3 consolidated PAT falls to Rs. 2.20 crore

Faze Three Autofab Ltd Q3 net profit at Rs. 0.48 crore

Emkay Global Financial Services Ltd Q3 loss at Rs. 1.41 crore

ION Exchange India Ltd consolidated Q3 PAT higher at Rs. 26.31 crore

Shree Bhavya Fabrics Ltd posts net profit of Rs. 0.77 crore in Q3

Mangalam Drugs & Organics Ltd Q3 PAT jumps to Rs. 1.65 crore

ARO Granite Industries Ltd Q3 net profit at Rs. 0.65 crore

JSW Steel Ltd consolidated Q3 PAT declines to Rs. 211 crores

Udaipur Cement Works Ltd posts PAT of Rs. 0.97 crore in Q3

Strides announces successful completion of US FDA inspection at its Alathur facility with Zero 483 observations

Sonata Software Ltd reports Rs.75.86 crores net profit in Q3 FY20

Oriental Hotels Ltd posts consolidated PAT of Rs. 7.31 crore

Kirloskar Ferrous Industries Ltd Q3 PAT increases QoQ to Rs. 23.33 crore

Indian Bank reports Q3 net profit of Rs. 247.16 crore

Sunil Agro Foods Ltd posts net profit of Rs. 0.14 crore in Q3

Triumph Motorcycles and Bajaj Auto commence their global partnership

AMJ Land Holdings Ltd reports consolidated profit of Rs. 4 crore in Q3

Onward Technologies Ltd Q3 net profit drops QoQ, YoY

Oriental Veneer Products Ltd Q3 consolidated PAT jumps to Rs. 8.71 crore

USFDA conducts surprise audit at bioanalytical facility of Jeevan Scientific Technology Ltd

ULTRATECH Cement Ltd Q3 consolidated net profit soars to Rs. 711.25 crores

CG-VAK Software & Exports Ltd Q3 consolidated PAT rises to Rs. 0.94 crore

Atishay Ltd bags work order

ATUL Ltd consolidated Q3 net profit declines QoQ

AAVAS Financiers Ltd Q3 consolidated PAT drops QoQ to Rs. 67.92 crore

NLC India Ltd to raise Rs. 525 crore

Supreme Industries Ltd reports consolidated PAT of Rs. 123.39 crores in Q3

HCL Technologies Honors Global Goodwill Champions at the 2020 World Economic Forum in Davos

A true symbol of Make in India, Maruti Suzuki commences exports of its blockbuster model S-PRESSO

Allahabad Bank board approves capital infusion of Rs. 2153 crore

TCS Named a Leader in Talent Readiness for Next-generation IT Services by Everest Group

Strides receives USFDA tentative approval for Triamcinolone Acetonide Ointment

Alembic Pharmaceuticals announces USFDA Final Approval for Bosentan Tablets, 62.5 mg and 125 mg

Blue Star wins the prestigious 'Golden Peacock Award for Corporate Ethics' for 2019

IndusInd Bank introduces its Wealth Management platform 'PIONEER' Banking

Hexaware strengthens its Leadership team







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019